Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 311: An example of service rendered by NIPOST is? Options:
  A) electronic mail
  B) couier
  C) telephone
  D) mail delivery
  Show Answer
  The correct answer is D .
• Question 312:

  The arrangement and interrelationship of the various components and positions of a business is referred to as

  Options:
  A) line structure
  B) unity of direction
  C) organisational structure
  D) clarity of objective
  Show Answer
  The correct answer is C .
• Question 313: In a staff-authority relationship, the opinion of a specialist in one department to another is Options:
  A) a directive
  B) an advice
  C) a command
  D) a delegation
  Show Answer
  The correct answer is B .
• Question 314: The central bank controls the quantity of money in circulation through? Options:
  A) open-market operations
  B) decreasing the tax rate
  C) issuing new currencies
  D) increasing the tax rate
  Show Answer
  The correct answer is A .
• Question 315: NACCIMA stands for Options:
  A) Nigerian-American Center for Culture,Civic, Industries, Minerals and Arts
  B) Nigerian Association for Culture ,Civic, Industries, Minerals and Arts
  C) National Agency for Culture, Civilization, Investment, Manufacturing, and Agriculture
  D) Nigerian association of Chambers of commerce, Industries, Mines and Agriculture
  Show Answer
  The correct answer is D .
• Question 316:

  

  The above chart represents the

  Options:
  A) promotion mix relationship
  B) marketing mix relationship
  C) advertising mix relationship relationship
  D) product mix relationship
  Show Answer
  The correct answer is B .
• Question 317: A shortcoming of the Second-tier Foreign Exchange Market in Nigeria is that it Options:
  A) serves as a mechanism for evaluating an unrealistic exchange rate for the naira
  B) creates unhealthy competition amongst users of foreign exchange
  C) contributes to destabilizing national resource allocation
  D) contributes to flooding the market with foreign essential commodities
  Show Answer
  The correct answer is B .
• Question 318:

  A group of companies is a collection of? 

  Options:
  A) subsidiaries and their holding company
  B) firms
  C) associates and their holding company
  D) industries
  Show Answer
  The correct answer is A .
• Question 319: The act of a person employing another to enter into a contract on his behalf is known as? Options:
  A) business
  B) sale of goods
  C) bilateral agreement
  D) agency
  Show Answer
  The correct answer is D .
• Question 320: A function generally performed by authorities of both the air and seaport is the? Options:
  A) maintance of warehouse where goods can be stored
  B) provision of facilities for loading and unloading of cargoes
  C) maintenance of security and order at the ports
  D) provision of facilities for landing and refuelling at the ports
  Show Answer
  The correct answer is D .